Notes to SEFA
The consolidated financial statements contained in The Rogosin Institute, Inc. (the Institute) annual audit report are prepared on the accrual basis of accounting. Refer to the notes of the consolidated financial statements in the previous section for disclosures of the significant accounting policies. The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal grant activity of the Institute and is presented on the accrual basis of accounting. The information in the Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (the Uniform Guidance). In accordance with applicable requirements, certain programs may be presented on the Schedule in a fiscal period based on the program-specific guidance (see Note 3). Therefore, some amounts presented in the Schedule may differ from amounts presented in, or used in the preparation of, the Institute’s consolidated financial statements. For purposes of the Schedule, federal awards include any assistance provided by a federal agency directly or indirectly in the form of grants, contracts, cooperative agreements, loan and loan guarantees, or other non-cash assistance. Direct and indirect costs are charged to awards in accordance with cost principles contained in the U.S. Department of Health and Human Services Cost Principles for Hospitals at 45 CFR Part 75 Appendix IX for Uniform Guidance awards. Under these cost principles, certain types of expenditures are not allowable or are limited as to reimbursement.
The Uniform Guidance provides for a de minimis indirect cost rate election. The Institute uses a combination of a federally negotiated rate or the de minimis rate by award.
The Institute incurred certain expenditures related to the Coronavirus Disease 2019 (COVID-19) pandemic which are eligible for reimbursement from the Federal Emergency Management Agency (FEMA) Disaster Grants – Public Assistance (Presidentially Declared Disasters) (Assistance Listing No. 97.036). The Institute had applied for and received approval from FEMA in 2025 for reimbursement of qualifying expenses totaling approximately $778,000, which were incurred in previous periods. The total amount approved in 2025 has been included in the accompanying Schedule for the year ended December 31, 2025 in accordance with the guidance specific to Assistance Listing No. 97.036.